Steem has been trending down pretty fiercely ever since the SMT announcement.
Will that ever change?
Keep in mind that this is priced in terms of BTC, not dollars, though the dollar chart probably looks pretty similar.
I think that once we get past the coming HFs of Bitcoin, we will see some money come back to steem, that is my hope at least.
If that doesn't help it, we may have to wait all the way until SMTs start actually getting implemented early next year before we see some real price appreciation.
What do you guys think?